Circular No. 2/2023 — APA rollback — modified procedures
Date: 2023-01-01 Status: ACTIVE Category: Transfer Pricing Binding on Department: Yes (Section 119 / Section 400 IT Act 2025)
Summary
Modified procedures for advance pricing agreements including rollback provisions.
Key Directions
- APA for 5 future years.
- Rollback for 4 preceding years.
- Pre-filing consultation available.
- Annual compliance report mandatory.
Applicability Under IT Act 2025
Saving Clause: Section 536 of IT Act 2025 saves circulars issued under the 1961 Act “so far as not inconsistent” with the new Act.
| Old Section (1961 Act) | New Section (2025 Act) | Consistent? |
|---|---|---|
| 92CC | 173 | Yes |
| 92CD | 174 | Yes |
Cross-References
Act Sections
- Section 92CC
- Section 92CD
- Section 173
- Section 174
Related Circulars
- None identified
Key Case Law (Circular Supremacy)
- To be populated — cases where this circular was cited/applied
Full Text
Full text to be added — see raw/circulars/ for PDF when available
Source
- Official: incometaxindia.gov.in/circulars